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US Patent 12008497 Demand sensing and forecasting

Patent 12008497 was granted and assigned to NB Ventures on June, 2024 by the United States Patent and Trademark Office.

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Patent attributes

Patent Applicant

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Current Assignee

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Patent Jurisdiction

United States Patent and Trademark Office

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Patent Number

Patent Inventor Names

Subhash Makhija0

Shivendra Singh Malik0

Vanamali Porethi0

Kiran Kumar Kandula0

Vengatakrishnan Narayanasamy0

Date of Patent

June 11, 2024

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Patent Application Number

171109220

Date Filed

December 3, 2020

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Patent Primary Examiner

Thomas L. Mansfield, Jr.

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Patent abstract

The present invention provides a data processing system and method for demand sensing and forecasting. The invention includes generating hierarchical data set from historical data of one or more objects and processing the hierarchical data based on one or more forecasting data models created by an artificial engine to predict data trend. The invention determines required safety stock for each category of the one or more objects.

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